| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 70th | Good |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2801 Emmons Ave, Brooklyn, NY, 11235, US |
| Region / Metro | Brooklyn |
| Year of Construction | 2004 |
| Units | 55 |
| Transaction Date | 2000-03-02 |
| Transaction Price | $1,050,000 |
| Buyer | 2801 EMMONS AVENUE LLC |
| Seller | MAHEREAS MYRIANTHI |
2801 Emmons Ave Brooklyn 55-Unit Multifamily
Neighborhood occupancy and renter concentration point to durable leasing fundamentals in this Urban Core pocket of Brooklyn, according to WDSuite’s CRE market data.
Set within Brooklyn’s Urban Core, the neighborhood surrounding 2801 Emmons Ave carries a B+ rating and ranks 303 out of 889 in the New York–Jersey City–White Plains metro, making it competitive among metro neighborhoods. Neighborhood occupancy is reported at 94.9% with multi-year improvement, supporting income stability for multifamily assets.
Renter-occupied housing represents a slight majority of neighborhood units (around half of stock), indicating a deep tenant base that supports steady demand for apartments. Within a 3-mile radius, households have edged higher even as population trends softened slightly, and projections indicate a larger household count alongside smaller average household sizes — a pattern that typically expands the renter pool and supports occupancy resilience.
Local quality-of-life signals are mixed but investable. Restaurant density performs near the top of national peer areas, and park access measures strong (both near the 90th percentile nationally), which helps sustain neighborhood appeal. Daily-needs retail density for cafes, groceries, and pharmacies is thinner in the immediate area, so residents may rely on a broader trade area for errands.
Ownership costs are elevated relative to incomes in this neighborhood and the broader metro context, which tends to reinforce reliance on rental housing and can aid lease retention for well-positioned properties. Neighborhood rent levels and incomes have both advanced over recent years, which helps maintain pricing power while keeping rent-to-income ratios relatively manageable from an investor risk perspective.
Safety indicators for the neighborhood are below national averages, with violent and property offense rates sitting in lower national percentiles. However, recent year-over-year trends show meaningful improvement, with double-digit declines in both categories. Compared with the 889 neighborhoods in the New York–Jersey City–White Plains metro, this area does not rank among the safest, so investors should underwrite appropriate security and operational practices while noting the improving trajectory.
Proximity to a diverse employment base in Manhattan and nearby Brooklyn supports renter demand and retention, particularly among financial services, consumer goods, and professional services talent. Notable employers within a commutable radius include Prudential, Dr Pepper Snapple Group, S&P Global, Guardian Life, and Robert Half.
- Prudential — insurance & financial services (7.4 miles)
- Dr Pepper Snapple Group — beverages/consumer products (7.8 miles)
- S&P Global — financial data & analytics (9.0 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (9.0 miles) — HQ
- Robert Half International — professional staffing (9.1 miles)
Built in 2004, the property is newer than much of the nearby housing stock, offering a competitive position versus older buildings while leaving room for targeted modernization of common areas and systems over the hold period. Neighborhood occupancy is high and trending up, and a renter-occupied share around half of local units points to a reliable tenant base. Elevated home values in the area further support rental demand and lease retention potential for well-maintained assets.
Within a 3-mile radius, household counts are rising and are projected to increase further even as average household size declines — dynamics that typically expand the renter pool and support sustained occupancy. Neighborhood rent levels and incomes have moved higher, and based on commercial real estate analysis from WDSuite, these trends underpin steady demand with manageable affordability pressure for professionally operated multifamily.
- 2004 vintage positions the asset competitively versus older neighborhood stock, with selective renovation upside
- High and improving neighborhood occupancy supports income stability
- Renter concentration near half of units indicates depth of tenant demand
- Elevated ownership costs in the area reinforce reliance on rental housing and pricing power
- Risks: safety ranks below metro averages and daily-needs retail is thinner locally; underwrite security and convenience strategies